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Non-Life Insurance Market Next Big Thing | Major Giants- Charter Ping, Federal Phoenix, Mapfre

Non-Life Insurance Market Next Big Thing | Major Giants- Charter Ping, Federal Phoenix, Mapfre
sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.

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Insurance firms offer policies to cover travel amid pandemic

BusinessWorld
May 28, 2021 | 12:04 am
MALAYAN INSURANCE Co., Inc., Liberty Insurance Corp. and Prudential Guarantee and Assurance, Inc. have rolled out plans for individuals with trips affected by the coronavirus disease 2019 (COVID-19) pandemic, the Insurance Commission (IC) said in a statement on Thursday.
The IC said the policies offered by these companies include assistance on flight rebooking, airline ticket reimbursements, and hospital cash benefits, among others.
“Those interested to avail of COVID-19 insurance coverage may well consider these products offered by the three companies mentioned,” IC Commissioner Dennis B. Funa was quoted as saying.
“Our fellow Filipinos may examine these insurance products and avail such products that are most responsive to their needs and the particular COVID-19-related risks they seek protection from,” Mr. Funa added. ....

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Philippines: Malayan Insurance again reports highest GWP in non-life mart

Malayan Insurance has again topped the Philippine non-life insurance industry, based on GWP in 2020, Insurance Commissioner Dennis Funa has said.
Malayan Insurance’s number one ranking was based on the compilation of quarterly reports on selected unaudited financial figures submitted by insurers to the Insurance Commission.
Malayan Insurance’s gross premiums written amounted to PHP14.21bn ($297m), the highest in the industry, despite the impact of the COVID-19 pandemic on the economy. 2020 was the 50th consecutive year in which Malayan Insurance headed the non-life sector in terms of GWP.
However, the insurer reported net premiums written of PHP4.08bn in 2020, placing it in second place after Prudential Guarantee & Assurance. ....

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IC says PGAI leads non-life sector in NPW

IC says PGAI leads non-life sector in NPW
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

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Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines

Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
© STAR/File
Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
MANILA, Philippines The Insurance Commission (IC) announced Sun Life Canada (Philippines) Inc. and Prudential Guarantee and Assurance Inc. (PGAI) remained the highest-ranked life and non-life insurance company, respectively, in terms of premium income in 2020.
Based on insurance companies’ quarterly reports on selected financial statistics submitted to IC at the end of December last year, Sun Life topped life insurance companies with a premium income of P39.27 billion, while PGAI led the non-life sector with net premiums written (NPW) amounting to P4.55 billion in 2020. ....

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